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Tag: Tax Code


Taxpayers Are Subsidizing Bonuses for Wall Street CEOs

A little-known section of the U.S. tax code “created a legal process by which publicly held companies can lower their tax bills by boosting CEO pay,” reports George Zornick at The Nation. (Pictured: John Stumpf, Wells Fargo chairman and CEO.)

Posted on Sep 5, 2016 READ MORE


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Time for the GOP to Pitch In

With Republican majorities in both houses, the new Congress should begin by focusing on traditional GOP priorities: improving the nation’s sagging infrastructure, reforming an unwieldy tax code and finding ways to boost middle-class opportunity.

Posted on Jan 6, 2015 READ MORE



Truthdigger of the Week: David Cay Johnston

The dogged investigative reporter uses plain language to describe the congressionally prescribed byzantine tax schemes that cheat ordinary Americans to benefit financial elites.

Posted on Sep 12, 2014 READ MORE


Tax Reform









Posted on Jun 8, 2013 ENLARGE



Flickr/Tax Credits

How the U.S. Tax Code Benefits the Wealthy (and Screws Over Most Everyone Else)

One thing to remember on Tax Day 2013: It’s good to be a wealthy citizen in the United States. Thanks to tax breaks aimed specifically at those who make boatloads of money, the average rich person takes in an additional $250,000 in income each year. The rest of us? Not so fortunate.

Posted on Apr 15, 2013 READ MORE


Surreal Tax Code









Posted on Apr 13, 2013 ENLARGE



Flickr/Andrew Feinberg

How Facebook Made a Billion Dollars, Paid No Taxes and Expects a Huge Refund

Despite making $1.1 billion after going public last year, Facebook didn’t pay a dime in state or federal income taxes in 2012. Instead, thanks to the social media company’s use of a single tax break, it anticipates getting a massive refund from the government totaling $429 million.

Posted on Feb 17, 2013 READ MORE


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